HCI Group’s (HCI) Market Outperform Rating Reaffirmed at JMP Securities

HCI Group (NYSE:HCI)‘s stock had its “market outperform” rating reaffirmed by stock analysts at JMP Securities in a report released on Monday, Benzinga reports. They currently have a $145.00 price target on the insurance provider’s stock. JMP Securities’ price target points to a potential upside of 38.04% from the stock’s current price.

Separately, StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.25.

HCI Group Stock Down 0.8 %

Shares of HCI stock opened at $105.04 on Monday. HCI Group has a 12-month low of $50.01 and a 12-month high of $121.57. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $94.56 and a 200-day moving average of $100.65. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.69 and a beta of 1.13.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. The firm had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same quarter in the prior year, the company earned $1.22 EPS. As a group, equities research analysts predict that HCI Group will post 12.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HCI Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jupiter Asset Management Ltd. acquired a new stake in HCI Group in the first quarter valued at $939,000. Quadrature Capital Ltd increased its position in HCI Group by 55.8% during the fourth quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock worth $2,610,000 after buying an additional 10,693 shares during the last quarter. SG Americas Securities LLC raised its stake in HCI Group by 153.6% in the second quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider’s stock valued at $860,000 after buying an additional 5,649 shares during the period. Principal Financial Group Inc. raised its stake in HCI Group by 45.0% in the first quarter. Principal Financial Group Inc. now owns 45,387 shares of the insurance provider’s stock valued at $5,269,000 after buying an additional 14,086 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of HCI Group by 271.1% in the first quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider’s stock valued at $3,573,000 after buying an additional 22,489 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.